economics

Which of the following is not a measure for reducing balance of payment deficits?

A. export drive B. reducing tariffs C. adding to export goods D. increasing local production The Correct Answer: Option D…

6 years ago

Which of the following measure can be adopted to stabilize the external value of the local currency?

A. reduce the volume of export B. increase the demand for imports C. increase domestic money supply D. reduce the…

6 years ago

The poorer the country, the larger the percentage of labour force engaged in?

A. Agricultural B. mining C. trading D. manufacturing Correct Answer: Option A A. Agricultural

6 years ago

Which of the following activities will not lead to economic growth?

A. massive importation of capital goods B. intensive capital formation locally C. use of modern technology D. massive importation of…

6 years ago

In order to increase revenue, the government should tax commodities for which demand is?

A. perfectly price inelastic B. price inelastic C. price elastic D. unitary elastic Correct Answer: Option A A. perfectly price…

6 years ago

Demand-pull inflation is likely to be caused by?

A. an increase in the cost of factors inputs B. increase in the income tax rate C. increase in bank…

6 years ago

In a country with a large population of full-time housewives, national income?

A. will be composed of goods produced by women B. figures will be grossly over-stated C. statistics will be difficult…

6 years ago

A baker bought flour and other ingredients for $250.00, spent $52.00 on distribution, sold the bread for $320.00. the value added by the baker is?

A. $302.00 B. $52.00 C. $18.00 D. $622.00 Correct Answer: Option C C. $18.00 Explanation floor = $250 distribution cost…

6 years ago

The largest component of national income in developing countries consists of?

A. profits B. profit and rent C. rent D. wages and salaries Correct Answer: Option D D. wages and salaries…

6 years ago

An industry is described as a group of firms?

A. that provides jobs for many people B. which uses advance technology in production C. which produces similar products D.…

6 years ago